Homeowners and renters are missing out on millions of dollars in tax relief. Use the resources below to learn more.
Montana
You may be eligible to receive money back
Montana Program Overview
Property Tax-Aide features the Elderly Homeowner/Renter Credit (Circuit Breaker) and the Property Tax Assistance Program (PTAP).
The information on this page is updated as new information becomes available by the relevant tax agencies.
Elderly Homeowner / Renter Credit
The program provides a refundable credit for individuals 62 or older for a portion of their property taxes or rent paid in relation to their income. Property taxes are assumed to be 15% of rent payments. The maximum credit granted may not exceed $1,150.
Eligibility
You are eligible for this credit if, during the year for which you are claiming the credit, you:
- Are 62 years of age or older as of December 31,
- Lived in Montana for at least nine months,
- Rented, owned, or leased a home in Montana for at least six months, and
- Live in a household where the total combined gross income of all its members is less than $45,000 for 2024
Application Deadline
File Form 2 and pay the tax due by April 15, 2025. An automatic extension of six months applies to filing your return, but this extension does not apply to payments.
Required Documentation
- Complete the Montana Individual Income Tax Return (Form 2) and the Schedule 2EC.
- You must include a copy of your 2024 property tax bill and/or your signed rent receipts or a statement detailing the rent paid during the year signed by your landlord.
Resources & How to Apply
You may access the Montana Individual Income Tax Return (Form 2) here and its instructions here.
When applying for the Elderly Homeowner/Renter Credit, you must also complete Schedule 2EC, which you can access here.
For more information about this program, visit the Montana Elderly Homeowner/Renter Credit Program webpage
Or call the Montana Department of Revenue at 406-444-6900.
Property Tax Assistance Program (PTAP)
The Property Tax Assistance Program helps citizens on a fixed or limited income by reducing the property tax rate on their home. The PTAP benefit only applies to the first $350,000 of your primary residence’s market value. Your income and marriage status determine the reduction. For those in the lowest income bracket, up to $13,938 if single or $18,779 if married or filing as head of household, taxes are reduced 80%. Those with income between $19,057 and $28,329, if single, or $28,377 and $37,968 if married or filing as head of household, the reduction is 30%. For those in between these two brackets, the reduction is 50%.
Eligibility
To qualify in Tax Year 2025, you must:
- Own or currently be under a contract to purchase a home or mobile/manufactured home
- Live in the home as your primary residence for at least seven months of the year
- Have a 2023 Federal Adjusted Gross Income (FAGI), excluding capital and income losses, less than: Single: $28,329, Married or Head of Household: $37,968
- Include your spouse's income in your 2023 FAGI regardless of whether they are a co-owner of the home.
Application Deadline
- Application must be delivered or postmarked by April 15, 2025. If you miss the deadline, apply as soon as possible to ensure you are included in the program’s verification process for the following tax year.
- Once you have applied for the program, the state will notify you each year whether you qualify. You will be included in the program’s annual income verification until you move from residence.
- If you have previously applied and qualified, as long as you still own and live in your home your application will remain active. The program will send you a letter each year with your current Property Tax Assistance Program status.
Required Documentation
- Return your completed application Form PTAP to your field office.
- If you are a new Montana resident, include a copy of your 2023 federal income tax return with your completed application.
- If your only income is from social security, veterans’ benefits and/or other nontaxable sources, include a copy of your social security statement and/or other income documentation with your completed application
Resources & How to Apply
Access the 2024 Property Tax Assistance Program application here.
For questions about this program, call the Montana Department of Revenue at (406) 444-6900 or Montana Relay at 711 for the hearing impaired, or visit www.MTRevenue.gov or the Property Tax Assistance Program Information page
Return completed application to your field office location.
Take the Next Step
Take the first step toward property tax relief — use the resources below to find application links or contact your local tax authority for help.
Your state accepts digital and mailed applications
Property Tax-Aide has independently selected the property tax relief programs featured on this website that we think are the most relevant and beneficial to older adults. It is not an exhaustive list of all property tax relief programs available in each state. Please consult your local tax agency for a comprehensive listing of property tax relief programs in your area.